Experienced finance expert Arie Hubers, ING’s head of real estate sector Benelux, draws some parallels between the current downturn and the GFC in 2008, and identifies a ‘triple whammy’ for developers looking for funding this year.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
